Input Tax Credit

ITC / Input 123 views 2 replies
If output tax is more than the input tax then what will be done to the difference amount???
Replies (2)
my all item raw and packing 18%gstin and my finish goods agarbatti 5%gstin every time credit my input tax this amount refunded by cash
first your Input tax will be adjusted against your output liability, still if your Input credit will always stand then you can claim refund of ITC by filing an refund application


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register